Kamare: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kamare
Largest movements
- Receivables within one year -€179,334
down €179,334 (-81.9%), from €219,071 to €39,737
- Current investments +€97,716
up €97,716 (+181.3%), from €53,912 to €151,628
- Cash -€40,565
down €40,565 (-80.1%), from €50,635 to €10,070
mainly Trade debts (-€168,443) and Current investments (-€97,716)
- Tangible fixed assets +€5,466
up €5,466 (+128.7%), from €4,247 to €9,713
of which Furniture and vehicles: +€6,546
- Trade debts -€168,443
no longer reported in 2025 (was €168,443)
- Profit (loss) carried forward +€54,300
up €54,300 (+46.2%), from €117,605 to €171,905
- Gross operating margin -€12,372
down €12,372 (-14.7%), from €84,087 to €71,715
- Taxes -€2,337
down €2,337 (-13.7%), from €17,083 to €14,746
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,641 | €212,034 | -€116,606 | -35.5% |
| Fixed assets | 21/28 | €4,247 | €9,713 | +€5,466 | +128.7% |
| Tangible fixed assets | 22/27 | €4,247 | €9,713 | +€5,466 | +128.7% |
| Plant, machinery and equipment | 23 | €1,080 | - | -€1,080 | |
| Furniture and vehicles | 24 | €3,167 | €9,713 | +€6,546 | +206.7% |
| Current assets | 29/58 | €324,393 | €202,321 | -€122,072 | -37.6% |
| Amounts receivable after more than one year | 29 | - | €63 | +€63 | |
| Other amounts receivable | 291 | - | €63 | +€63 | |
| Amounts receivable within one year | 40/41 | €219,071 | €39,737 | -€179,334 | -81.9% |
| Trade receivables | 40 | €219,071 | €39,737 | -€179,334 | -81.9% |
| Current investments | 50/53 | €53,912 | €151,628 | +€97,716 | +181.3% |
| Cash at bank and in hand | 54/58 | €50,635 | €10,070 | -€40,565 | -80.1% |
| Deferred charges and accrued income | 490/1 | €775 | €823 | +€47 | +6.1% |
| Total equity and liabilities | 10/49 | €328,641 | €212,034 | -€116,606 | -35.5% |
| Equity | 10/15 | €119,605 | €173,905 | +€54,300 | +45.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,605 | €171,905 | +€54,300 | +46.2% |
| Amounts payable | 17/49 | €209,036 | €38,130 | -€170,906 | -81.8% |
| Amounts payable within one year | 42/48 | €206,536 | €36,880 | -€169,656 | -82.1% |
| Trade debts | 44 | €168,443 | - | -€168,443 | |
| Suppliers | 440/4 | €168,443 | - | -€168,443 | |
| Taxes, remuneration and social security | 45 | €36,479 | €36,880 | +€400 | +1.1% |
| Taxes | 450/3 | €33,979 | €34,380 | +€400 | +1.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,613 | - | -€1,613 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €1,273 | +€179 | +16.3% |
| Other operating charges | 640/8 | - | €404 | +€404 | |
| Non-recurring operating charges | 66A | - | €1,080 | +€1,080 | |
| Gross operating margin | 9900 | €84,087 | €71,715 | -€12,372 | -14.7% |
| Operating profit (loss) | 9901 | €82,993 | €68,958 | -€14,035 | -16.9% |
| Financial income | 75/76B | €1,409 | €1,840 | +€430 | +30.5% |
| Recurring financial income | 75 | €1,409 | €1,840 | +€430 | +30.5% |
| Financial charges | 65/66B | €2,091 | €1,752 | -€339 | -16.2% |
| Recurring financial charges | 65 | €2,091 | €1,752 | -€339 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €82,311 | €69,046 | -€13,265 | -16.1% |
| Income taxes | 67/77 | €17,083 | €14,746 | -€2,337 | -13.7% |
| Profit (loss) for the period | 9904 | €65,228 | €54,300 | -€10,928 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,228 | €54,300 | -€10,928 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.